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will replace outgoing ceo steve ballmer. josh lipton live in bellevue, washington. >> reporter: it was an historic day at microsoft shareholder meeting. the last meeting with steve ballmer as ceo. ballmer's record at microsoft is mixed. revenue jumped but critics say he mixed big tech trends like mobile and social. stock is up sharply this year but down 25% under his watch. bill gates at the shareholder meeting today gave no guidance for when a new yi would be picked. he did seem to get choked up when talking about his friend, steve ballmer. >> we've got a commitment to make sure the next ceo is the right person for the right time for the company we both love. and we share a commitment that microsoft will succeed as a company that makes the world a better place. >> top picks to replace ballmer mentioned, ford ceo allen mulally and former nokia ceo elop, as well as kevin turner, coo and nadella of cloud and shared enterprise. microsoft made a point of emphasizing their cloud products. whoever replace ballmer and strategis, the new ceo will face new challenges as microsoft reposi
an impact on employment and how many hours workers are getting. steve liesman with the story. >> thanks. this poll conducted by public opinion strategists, which does the polling for cnbc the republican half of our polling team, did this poll on behalf of the international franchise association and the u.s. chamber of commerce. find a very negative impact right now on businesses and employment from the affordable care act. let's take a look at the graphics. 64% of franchise and 53% of nonfranchise are saying the aca is having an impact on their business. you might expect that but now let's take a look at what they're saying about specifically how. they say because of aca, 30% of franchise owners have replaced full with part time about 15% have seen reduced staff and more than 30% have reduced worker hours. this has potentially huge neck negative impact on employment. one other piece of data. asked if they would stay below 50 workers. 59 % of franchise owners and 52% of nonfranchise owners. there's a lot of debate about this. unclear whether or not it shows up in th
to the next steve jobs. but when you walked in, i said, how are you? you said, it's been a tough week. when you hear about a fire like this, what happens? tell us -- bring us inside the room for a moment. what happens at tesla. because i imagine everybody says, oh, my goodness, there are clearly issues and concerns in the marketplace about batteries and fires, period. i mean, that's where this all begins. and then what do you do? >> well, i guess we -- you know, we kind of see what the reaction is. and then, you know, in this case the reaction is extremely inaccurate and unreasonable. you know, the fact that there are 200,000 -- 20 0,000 gasoline car fires per year in the united states, 200,000. there are on average 200 fire deaths per year, 300 fire injuries per year. how many times have you read about that? can you recall -- >> no. >> -- one instance -- >> no. in complete fairness. >> exactly. so it's like, wow, this is completely unreasonable and wrong. the expert press, you know, in the sort of automotive industry, take the automotive news editor at "automotive news" wrote a great artic
ining develop. joining me on the telephone is steve parsley, a boeing crane operator who's been with the company for 24 years. he voted against the offer made to the union last night. steve, thanks for joining us. >> you're welcome. >> why did you vote no on the plan that union pushed before you last night? >> it's just too much concessions. it's an ultimatum for us. and if we concede on this, i see it happening again in the future. >> what do you mean you see it happening in the future? >> if we had accepted this contract offer, who's to say boeing wouldn't come back in two, three years from now and give us another ultimatum on a different airplane? >> what are the options? i mean, what is the alternative here if boeing is trying to do something and make sure it's watching its cash? initially it was supposed to -- it was threatened to actually close down the plant. >> boeing -- excuse me. boeing has threatened that or something similar every time to the machinists. if they want to negotiate and not just put forth contract offer and call it an ultimatum, we're willing to negotia
high could this market know? should we be getting in now? steve grasso and jonathan corpina. steve, what happened at the end of the day? walk us through how this market has been just -- >> everyone's been buying into this market, of course. waiting for that pullback to happen. when that happens, you get the shorts that are just waiting, waiting, waiting to cover. and then as they start to creep up to those round numbers, they do cover. that's the last leg of it. so right now i feel like year end, as bob said, seasonally bullish. i don't know right here. i feel like we're due for a pullback like everybody else. the problem is december 13th you get those budget hearings. that could be a catalyst. that could be a tail wind for the market to go higher. we're running out of daylight before year end for that selloff. >> jonathan, you both have seen, you know, ups and downs in this market. how does it feel to you in terms of the health of this market and, of course, the sustainability of this rally? >> right. the higher this market goes, we keep having these conversations of when is the p
candidates to replace ceo steve ballmer. also negative report on earnings. tesla losing 15% of its value as quarterly earnings disappointed investors and a third model s car caught fire and caught a lot of investors' attention. the third time in six weeks here. the national highway transportation traffic safety administration just put out a statement saying they were in close contact with tesla and local authorities gathering information on that particular incident. and blackberry, of course, falling 15% as well. this on news it was no longer for sale at $9 a share. earlier today reuters reported that its board rejected proposals to break up the company despite interest from the likes of companies like microsoft and apple. back over to you. >> amazing. thank you, dom. we have more on blackberry. the company releasing interim ceo john chen's pay details. chen will receive a base salary of $1 million with bonus up to twice that amount and stock awards potentially worth some $85 million. there's one catch. the majority of those share awards will only kick in after chen completes five years
.a.c. not necessarily founder steve cohen but as well as sentencing to follow several months later. it's after that s.a.c. needs to get serious about restructuring. they'll have to appoint an independent compliance monitor to oversee what they're calling the wind-down. what that means is they have to return third-party money to investors. a process that actually will be mostly completed at the end of the first quarter, from what i'm told, but could take ultimately one two two years, maria because they have liquid assets they need to sell. that process is currently being negotiate with the s.e.c. they have sfooif years to do it. probably won't take that long. >> so, nearly -- kate, thank you for the facts. we want to talk about this. nearly $2 billion to settle insider trading charges at s.a.c. we want to get the latest from sheila bair. u.s. attorney pete bharara said penalties are steep but fair. he made it clear this shut help serve as a deterrent. you agree? >> i absolutely agree. this is great. this isn't just the cost of doing business. a fine of this size hurts. it hurts wher
company including more reinsurance arm which is in the process of being sold. finally steve cohen, the signal is that they are going to fight the case. they are sending signals that they are unlikely to settle in that civil case. >> all right. thanks so much. up next we will recap a record day on wall street. back in a moment. mike rowe here at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. i'm beth... and i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and
particularly knew we learned here and yet the market sold off. steve liesman was there and, yes, this is confusing. i don't know what some of your guests think about this but it makes it hard to read exactly what a marketplace should do. >> nathan how do you allocate capital post the minutes here knowing they're looking at the next couple of months? >> well if it happened in the next cowluple of months and i'll give my original front two teeth back as well if they did that in the next couple of months we'll have a taper tantrum like we saw about five months ago. rates are going to spike. the fed's going to have to figure out how to have a new -- two new mandates, in my opinion. number one how to stop the tapering while still having an easy money policy. also convincing investors that interest rates aren't going to spike when they start the tapering. that's the challenge. when that happens, i think you'll lighten up in the united states and you start looking at the movie called europe which is a mini version of what we've been living for the last five yea
Search Results 0 to 8 of about 9